Angelina Jolie praises Libya’s revolutionaries


Jolie arrived in Libya on Tuesday and toured destruction in Misrata, the city captured by rebels over several weeks of heavy fighting as they pushed to depose Libyan leader Muammar Gaddafi earlier this year.Speaking in the lobby of a hotel in the city, she praised the “extraordinary” participation of ordinary Libyans both in the rebel army and transitional authorities, as they sought to forge a new nation.”What’s extraordinary … is that a lot of the people who are part of the solution and are working in positions of even military, and you find that just before the revolution they had retired, or were running restaurants or were selling baby clothes and they’ve all quit their jobs and they are all working here now on behalf of their country,” Jolie told Reuters.”They have all lost family members … they’ve suffered casualties themselves, they’ve lost limbs themselves and yet they’re all really fighting for something they believe in, and for the future of the country for their children, so it’s quite moving,” she added.Jolie set off in a sport utility vehicle, accompanied by armed bodyguards, to drive to Tripoli.She said she had met Libyan transitional government officials during her two-day visit, and highlighted the many needs Libyans faced as they sought to rebuild society and institutions.”This country is going through so much. It’s in transition on so many levels … It’s not just food, it’s not just sanitary conditions or the new laws that need to be put into place. It’s all of these things at once,” she said.She said her visit sought to highlight the plight of foreign migrants and Libyans who had been displaced internally by the war.”I’m also here on behalf of the Libyan people to show them solidarity. I think this revolution on behalf of human rights, which is what I feel these people really have been doing and what they have pushed for, and to help them to implement these new laws and help them with the future of their country.”Jolie visited Libyan refugees in Malta and on the Italian island of Lampedusa in June, and went to Tunisia in April to appeal for international support for people fleeing the revolution there.Jolie is an ambassador for the United Nations refugee agency UNHCR and is expected to announce an expanded role soon.

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TIMELINE-Bidding race for reinsurer Transatlantic


Following are some of the key milestones in the battle:June 12 - Allied World agrees to buy Transatlantic for $3.2 billion in stock.July 12 - Validus offers to buy Transatlantic for about $3.5 billion in cash and stock.July 18 - Allied World says committed to the terms of its $3 billion-plus all-stock bid for Transatlantic.July 19 - Transatlantic says open to talks with Validus, but sticking for now to existing deal with Allied World.July 25 - Validus goes hostile with its offer.July 28 - Transatlantic sues unsolicited suitor Validus; rejects offer as “inferior and highly conditional”. Adopts poison pill to stop anyone from taking control in the open market.July 31 - Validus urges Transatlantic to enter into talks; says its offer is superior to Allied World’s.Aug 7 - A unit of Berkshire Hathaway makes a $3.24 billion offer for Transatlantic. Transatlantic’s board says to “carefully consider and evaluate” that offer.Aug 8 - Transatlantic spurns bid by Buffett’s National Indemnity Co, saying it does not constitute a superior proposal.Aug 11 - Validus sues Transatlantic, but offers to open its own books for review.Aug 12 - Transatlantic opens talks with National Indemnity.Aug 16 - National Indemnity’s offer for Transatlantic expires, but both sides still in talks - say sources.Aug 24 - Transatlantic’s largest shareholder says will oppose the planned acquisition by Allied World.Sept 11 - Institutional Shareholder Services (ISS) recommends Transatlantic investors vote against the Allied World deal.Sept 12 - Allied World says ISS recommended its shareholders vote for a deal to buy Transatlantic, contrary to the earlier news that ISS said Transatlantic should reject the offer.Sept 13 - Barclays Capital cites an Allied World executive as saying the company doubts if its bid for Transatlantic will succeed, after a proxy advisory firm said Transatlantic investors should reject the deal.Sept 14 - Validus files with regulators to ultimately replace Transatlantic’s board of directors.Sept 16 - Allied World and Transatlantic call off their merger in the face of overwhelming opposition, and Transatlantic indicated it might remain independent despite two higher offers on the table.Sept 19 - Transatlantic says it received a renewed buyout offer of $52 a share in cash from Buffett’s Berkshire Hathaway Inc, but said the bid was too low.Sept 23 - Transatlantic and Validus say signed a confidentiality agreement and will exchange information as a prelude to buyout talks.Sept 26 - Transatlantic says entered into deal talks with an undisclosed bidder.Oct 11 - Transatlantic says entered talks and signed a confidentiality agreement with another unnamed suitor.

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